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December 12, 2017
#1 Business Climate

Photo: iStockphoto

Orlando skyline from Lake Eola

5 Top Reasons to do Business in Florida

#1 Business Climate

Florida is committed to moving at the speed of business, and it shows in recent rankings from nationally recognized publications and think tanks.

| 9/20/2012

NO. 1 Tax Climate In the Southeast for Business » TaxFoundation.org

NO. 2 Best State for Business » Chief Executive magazine (up from No. 3 a year ago)

NO. 4 Best Business Climate » Business Facilities magazine

Top 3 Most Competitive States in Which to Operate from a Tax Perspective » Ranked by CFOs responding to a survey by the manage-ment consulting firm Alvarez & Marsal

BUSINESS-FRIENDLY GOVERNMENT

• 1,700 burdensome regulations eliminated in 2011

• $1 billion in tax cuts and exemptions from punitive taxes for nearly two-thirds of Florida businesses in 2011

• One of only 10 states with a right-to-work provision in its constitution

COMPETITIVE COSTS

• More affordable land, labor and capital than in many comparable states

• Special incentives for businesses in targeted industries

• Tax breaks for locating in rural and urban Enterprise Zones or on Brownfield sites

PRO-BUSINESS TAX STRUCTURE

• Limited corporate taxes; no personal income tax

• No property tax on business inventories or goods-in-transit (up to 180 days)

• Sales and use tax exemptions for specific industries/circumstances

EXPEDITED PERMITTING

• Ongoing efforts to make permitting processes quicker, less costly, more predictable

AVAILABLE RESOURCES

• Access to private capital from venture capital companies and financial institutions

• Access to public capital through federal and state programs

ENTREPRENEURIAL SUPPORT

• One-on-one counseling and training via 35 Small Business Development Centers throughout the state and the National Entrepreneur Center in Orlando

• Flexible, low-cost space and business services for young companies at many high-tech incubators, accelerators and university-based research parks

• Assistance in preparing proposals for funding through the U.S. Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs

To learn more about the ease of doing business in Florida, visit www.eflorida.com

Tags: Business Florida, Why Florida?

Florida Business News

Florida Trend Video Pick

Sting performs with the Florida Orchestra for 50th anniversary gala
Sting performs with the Florida Orchestra for 50th anniversary gala

Sting performed with the Florida Orchestra for their 50th anniversary gala Saturday, Dec. 9, 2017 at the Mahaffey Theater in St. Petersburg. The Rock & Roll Hall of Fame rocker belted some of his biggest hits while conductor Michael Francis led the orchestra.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

How has the restaurant scene in Florida changed over the past 20+ years?

  • A lot - there's much more variety
  • Some - there are more restaurants but many are overpriced or mediocre
  • Not much - newer restaurants have driven out too many mom-and-pop places
  • Not sure - haven't been here long enough
  • Other (comments welcome)

See Results